Guggenheim Maintains Buy on First Watch Restaurant Gr, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Gregory Francfort maintains a Buy rating on First Watch Restaurant Group (NASDAQ:FWRG) but lowers the price target from $24 to $20.
October 04, 2024 | 5:18 pm
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Guggenheim's analyst Gregory Francfort maintains a Buy rating on First Watch Restaurant Group but lowers the price target from $24 to $20, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in the company's prospects, but the lowered price target indicates a more cautious outlook, possibly due to market conditions or company performance. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100